Information
An annotated collection of 3 papers & essays on information, spanning 1945 to 2022. Featuring works by Friedrich Hayek, Herbert A. Simon, Vincent J. Miozzi — each with editorial commentary oriented to digital product practice.
The Use of Knowledge in Society
The knowledge relevant for economic decisions is dispersed across society — never concentrated in a single mind. No central planner can aggregate it well. Markets work because they are a decentralised mechanism for proce…
Designing Organizations for an Information-Rich World
The essay that quietly invented the attention economy. Simon's argument compresses into one sentence: "a wealth of information creates a poverty of attention." Written in 1971, read it now in the middle of an LLM-enabled…
The Discovery Role of Disequilibrium Prices
Miozzi addresses a gap in price theory that matters for product strategy: if markets are always in motion, what do current prices actually tell us? The Austrian school insight is that disequilibrium prices carry differen…